DISAGGREGATION OF REVENUES AND SEGMENT REPORTING | NOTE 4—DISAGGREGATION OF REVENUES AND SEGMENT REPORTING The Company has three reportable segments: The Retail and Appliances Segment provides a wide variety of appliance products (laundry, refrigeration, cooking, dishwashers, outdoor, accessories, parts, and other appliance related products) and services (delivery, installation, service and repair, extended warranties, and financing). The Construction Segment provides finished carpentry products and services (door frames, base boards, crown molding, cabinetry, bathroom sinks and cabinets, bookcases, built-in closets, fireplace mantles, windows, and custom design and build of cabinetry and countertops). The Automotive Supplies Segment provides horn and safety products (electric, air, truck, marine, motorcycle, and industrial equipment), and offers vehicle emergency and safety warning lights for cars, trucks, industrial equipment, and emergency vehicles. The Company provides general corporate services to its segments; however, these services are not considered when making operating decisions and assessing segment performance. These services are reported under “Corporate Services” below and these include costs associated with executive management, financing activities and public company compliance. The Company’s revenues for the three and nine months ended September 30, 2022 and 2021 are disaggregated as follows: Three Months Ended September 30, 2022 Retail and Construction Automotive Total Revenues Appliances $ 2,492,544 $ - $ - $ 2,492,544 Appliance accessories, parts, and other 442,161 - - 442,161 Automotive horns - - 1,094,636 1,094,636 Automotive lighting - - 395,074 395,074 Custom cabinets and countertops - 2,990,767 - 2,990,767 Finished carpentry - 7,057,179 - 7,057,179 Total Revenues $ 2,934,705 $ 10,047,946 $ 1,489,710 $ 14,472,361 Three Months Ended September 30, 2021 Retail and Construction Automotive Total Revenues Appliances $ 2,745,305 $ - $ - $ 2,745,305 Appliance accessories, parts, and other 400,650 - - 400,650 Automotive horns - 1,694,928 1,694,928 Automotive lighting - - 555,717 555,717 Custom cabinets and countertops - 1,338,428 - 1,338,428 Finished carpentry - - - - Total Revenues $ 3,145,955 $ 1,338,428 $ 2,250,645 $ 6,735,028 Nine Months Ended September 30, 2022 Retail and Construction Automotive Total Revenues Appliances $ 7,206,386 $ - $ - $ 7,206,386 Appliance accessories, parts, and other 1,116,114 - - 1,116,114 Automotive horns - - 3,766,415 3,766,415 Automotive lighting - - 1,348,340 1,348,340 Custom cabinets and countertops - 10,288,711 - 10,288,711 Finished carpentry - 15,711,516 - 15,711,516 Total Revenues $ 8,322,500 $ 26,000,227 $ 5,114,755 $ 39,437,482 Nine Months Ended September 30, 2021 Retail and Construction Automotive Total Revenues Appliances $ 8,587,939 $ - $ - $ 8,587,939 Appliance accessories, parts, and other 1,175,000 - - 1,175,000 Automotive horns - - 3,326,835 3,326,835 Automotive lighting - - 904,178 904,178 Custom cabinets and countertops - 4,169,305 - 4,169,305 Finished carpentry - - - - Total Revenues $ 9,762,939 $ 4,169,305 $ 4,231,013 $ 18,163,257 Segment information for the three and nine months ended September 30, 2022 and 2021 is as follows: Three Months Ended September 30, 2022 Retail and Construction Automotive Corporate Total Revenues $ 2,934,705 $ 10,047,946 $ 1,489,710 $ - $ 14,472,361 Operating expenses Cost of sales 2,183,972 6,544,843 867,572 - 9,596,387 Personnel 202,443 2,406,195 277,398 296,250 3,182,286 Depreciation and amortization 48,019 416,525 51,870 - 516,414 General and administrative 494,719 1,245,668 384,870 563,620 2,688,877 Total Operating Expenses 2,929,153 10,613,231 1,581,710 859,870 15,983,964 Income (loss) from Operations $ 5,552 $ (565,285 ) $ (92,000 ) $ (859,870 ) $ (1,511,603 ) Three Months Ended September 30, 2021 Retail and Construction Automotive Corporate Total Revenues $ 3,145,955 $ 1,338,428 $ 2,250,645 $ - $ 6,735,028 Operating expenses Cost of sales 2,300,663 805,513 1,466,947 - 4,573,123 Personnel 196,592 273,366 407,034 - 876,992 Depreciation and amortization 47,104 83,112 169,260 - 299,476 General and administrative 439,414 256,402 673,484 475,679 1,844,979 Total Operating Expenses 2,983,774 1,418,393 2,716,724 475,679 7,594,570 Income (Loss) from Operations $ 162,182 $ (79,965 ) $ (466,080 ) $ (475,679 ) $ (859,542 ) Nine Months Ended September 30, 2022 Retail and Construction Automotive Corporate Total Revenues $ 8,322,500 $ 26,000,227 $ 5,114,755 $ - $ 39,437,482 Operating expenses Cost of sales 6,245,993 15,835,830 3,028,040 - 25,109,863 Personnel 587,073 4,715,419 847,403 296,250 6,446,145 Depreciation and amortization 175,835 1,195,314 155,610 - 1,526,759 General and administrative 1,480,465 4,006,636 1,188,618 775,360 7,451,079 Total Operating Expenses 8,489,366 25,753,199 5,219,671 1,071,610 40,533,846 Income (Loss) from Operations $ (166,866 ) $ 247,028 $ (104,916 ) $ (1,071,610 ) $ (1,096,364 ) Nine Months Ended September 30, 2021 Retail and Construction Automotive Corporate Total Revenues $ 9,762,939 $ 4,169,305 $ 4,231,013 $ - $ 18,163,257 Operating expenses - Cost of sales 7,409,913 2,280,009 2,658,672 - 12,348,594 Personnel 688,842 739,711 769,678 - 2,198,231 Depreciation and amortization 135,782 242,613 169,260 - 547,655 General and administrative 1,270,655 705,674 1,570,070 973,105 4,519,504 Total Operating Expenses 9,505,192 3,968,007 5,167,680 973,105 19,613,984 Income (Loss) from Operations $ 257,747 $ 201,298 $ (936,667 ) $ (973,105 ) $ (1,450,727 ) |